Markets head into a critical earnings week with short sellers pressing bets on AI infrastructure and a major diplomatic development easing geopolitical pressure.
Bears are moving fast into CRWV. Short interest in CoreWeave hit 33.7% of free float — up nearly 10 points in two weeks. The $40bn AI infrastructure stock is one of Nasdaq's most shorted names. Shorts remain skeptical of the valuation despite high demand for its GPU compute services.
Marqeta is the week's sharpest mover. Its SI jumped from 3.95% to 14.47% — a 10-point surge in seven days. Bears appear to be making a fresh directional bet against the payments platform.
Micron and Intel are both trending today. Chip stocks are in focus after a volatile stretch for the sector. Western Digital picked up a target raise to $730 from Wells Fargo, bucking the cautious tone elsewhere.
Insider selling is also notable. Silver Lake offloaded $69M in Dell shares on July 6 in 31 transactions. RH CEO Gary Friedman filed sales of $20M this week.
The biggest macro development today: Qatari negotiators are meeting Iranian officials to implement the US-Iran memorandum of understanding. Tensions around the Strait of Hormuz appear to be easing. Oil is pulling back from recent highs.
In Europe, SK Hynix completed a $26.5bn US market debut — the largest-ever US listing by a foreign company. The memory chipmaker signals continued global appetite for semiconductor investment.
A packed earnings calendar starts this week. BAC, JNJ, and NFLX are the headline reporters. European names ABB and Nordea also report Thursday. Analysts lifted targets on Robinhood and Eli Lilly ahead of the rush.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
